According to WB website, the objective of this project is to strengthen SOE related fiscal management. There are three components to the project:
1. Component 1. Results-based financing. This component aims to support some critical reforms in TACV that are needed to improve performance and prepare the company for privatization and thereby eliminate its needs for public financing for its operations. This component includes two subcomponents: fiscal risk assessment and monitoring, and TACV restructuring and reduced public financing.
2. Component 2. Technical Assistance. This component will provide technical support for the implementation of the Government SOE reform program and to strengthen the overall capacity of the MoFP for macro-fiscal monitoring and SOE oversight and monitoring. It aims to strengthen the GoCV’s capacity as an active and informed owner of SOEs, including its ability to independently analyze and assess SOE activities, operational and financial performance, business plans, audits, and to prepare comprehensive and in-depth analytical reports on the SOE portfolio under its purview and ability to increase private sector participation in SOEs.
3. Component 3. Project Management Support. This flexible component will support project management and implementation needs including the financing of the project coordination, procurement, financial management, audit, legal and monitoring and evaluation (M&E) (independent verification agent). It will also finance some activities that are not included or anticipated in the original design of the project, but are necessary elements as the project unfolds.
Team Leader: Kjetil Hansen
Sr. Public Sector Specialist, World Bank
Contact No.: 202-458-4871
Email Address: firstname.lastname@example.org
Implementing Agency: Unidade de Acompanhanmento do Sector Empresarial do Estado (UASE)
Contact Person: Margarida Mascarenhas, Director
Email Address: email@example.com
ACCOUNTABILITY MECHANISM OF WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing firstname.lastname@example.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.